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Financial Capability Council to meet July 12

WASHINGTON (6/23/11)--The President's Advisory Council on Financial Capability, created by executive order in 2010 to work to increase the financial literacy of the American public, has slated its third meeting for July 12. It will be webcast starting at 2:30 p.m. (ET). The council will receive reports on the progress of its subcommittees on financial access, research and evaluation, partnerships, and youth, and will discuss any recommendations made in those areas. This third session follows the format of the council’s meeting earlier this year, on April 21. During the April, each council subcommittee presented a progress report and the recommendations it thought the council as a whole should make to the President and the Treasury secretary. At that time, the council agreed to forward two recommendations: That Treasury support the Workplace Leaders in Financial Educations Award, administered by the American Institute of Certified Public Accountants and the Society for Human Resources Management; and that the Treasury issue a challenge to the private sector to create applications for mobile devices that promote financial capability and financial access. Treasury is currently looking into how to implement those recommendations. Use the link below for details on how to access the audio webcast, which will be posted closer to the date of the meeting. (Click on Resource Center, then Office of Financial Education and Financial Access, and then on the President's Advisory Council on Financial Capability) or call (202) 622-5770.